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Trading Made Simple

  • #58,141
  • Jun 22, 2015 5:18am Jun 22, 2015 5:18am
Quoting Lookleft
{quote} Hi, I took EU and EA for +30 each. Not trading towards the 200ema is a good rule but if there is room for price to move set a lower target. I entered EU when price broke the RN (1.1350) and EA as price broke below FO and BRN (1.4600). Remember you will not always get 50 - 100 pips so set a realistic target. The big moves were probably a reaction to overnight news about the Greek situation. Hope this helps PS Has EA set the London Low and what are AU and UJ doing ?
Thank you for your reply Lookleft! When you mention room for price to move set a lower target, do you refer to the distance between current price and the 200 EMA?
Btw.. what are the EMAs you would use on H1 and H4? I have 200 EMA and 800 EMA set on H1 and the same on H4. Any advice you would have?

Focusing on EU/GU/EA till i get the hang of TMS Still trying to get some discipline involved..

Zz
  • #58,142
  • Jun 22, 2015 5:30am Jun 22, 2015 5:30am
Quoting Donquixote
{quote} you should take the entry at the open of that candle (its already crossed down in the previous candle....), and long is not recomended too becuz its near previous daily high (not enough space for price)unless you want to take the risk, i already took that trade and closed for +42 pip {image} can i call this zero momentum on tdi? {image}

There is no signal to open at the open as the candle is not red and i enter after the candle is red and TDI crossover. Did i get it wrong? Why is your TDI signal different from my TDI signal?

I am still holding on to the trade until the 4HR candle turns blue.
  • #58,143
  • Jun 22, 2015 5:32am Jun 22, 2015 5:32am
Quoting mazingaz
{quote} Hi emmanuel if we are sideways ranging on weekly what made you decide that you will be looking for buy set ups only? Thanks

Hi,

There are two different sideways market.
The sideways wide ranging is good to trade with TMS.
the narrow range sideways is what we must avoid trading.

We just saw a H1 setup for entry around 1.4600. That's where we jump in with a TMS setup.
\

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,144
  • Jun 22, 2015 5:37am Jun 22, 2015 5:37am
Quoting hishamzz
{quote} Thank you for your reply Lookleft! When you mention room for price to move set a lower target, do you refer to the distance between current price and the 200 EMA? Btw.. what are the EMAs you would use on H1 and H4? I have 200 EMA and 800 EMA set on H1 and the same on H4. Any advice you would have? Focusing on EU/GU/EA till i get the hang of TMS Still trying to get some discipline involved.. Zz
Hi,
My methodology for taking a trade once I've identified an entry.
Where is my S/L going to be. I need at least 1:1 before even thinking about taking the trade so that gives me my minimum TP. Is there room for price to move by that amount before any S/R (DOL, BRN, 200ema etc). What does price momentum look like.
As far as ema are concerned I use 200 and 50 on both H1 and H4
Focusing on those pairs will give you a good start and don't be too greedy. 25 - 30 pips per pair per day soon adds up and builds confidence and discipline
Hope this helps
Never argue with a fool; onlookers may not be able to tell the difference.
  • #58,145
  • Edited 6:04am Jun 22, 2015 5:42am | Edited 6:04am
Quoting efestus
{quote} Hello Redfan, Nice setup you got there, I really admire your style of trading, Do you mind sharing your template and indicators, Thank you very much. Regards Festus
Took a picture of this chart got a yellow line crossing and matching up with TDI,

Sell trade let see how far it go,

Just altered stoploss. and take profit.

It came back and hit my stop loss. But still took profit £10.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 45 KB
Click to Enlarge Name: USDCADH5.png Size: 46 KB
Click to Enlarge Name: USDCADH9.png Size: 44 KB
  • #58,146
  • Jun 22, 2015 5:53am Jun 22, 2015 5:53am
Quoting emmanuel7788
{quote} Hi, There are two different sideways market. The sideways wide ranging is good to trade with TMS. the narrow range sideways is what we must avoid trading. We just saw a H1 setup for entry around 1.4600. That's where we jump in with a TMS setup. \ regards,
Hi Emm!

You mention a setup in H1 around 1.4600. I do not see the TDI crossing just yet plus price is just breaching above the PAC. Would you take the trade considering that the last swing low is quite a number of pips (SL) and 1.46500 and 1.46405 (prev day high) being quite close? The ideal trade would have been the H1 bar right after the WRB but it does not necessarily satisfy TMS criteria

Still learning...

Zz
  • #58,147
  • Jun 22, 2015 6:11am Jun 22, 2015 6:11am
Quoting Lookleft
{quote} Hi, My methodology for taking a trade once I've identified an entry. Where is my S/L going to be. I need at least 1:1 before even thinking about taking the trade so that gives me my minimum TP. Is there room for price to move by that amount before any S/R (DOL, BRN, 200ema etc). What does price momentum look like. As far as ema are concerned I use 200 and 50 on both H1 and H4 Focusing on those pairs will give you a good start and don't be too greedy. 25 - 30 pips per pair per day soon adds up and builds confidence and discipline Hope...
Taking the BRN, DOL, Spread etc. into consideration, we only have few pips to gain. I believe these pips are more or less confirmed pips
  • #58,148
  • Jun 22, 2015 6:20am Jun 22, 2015 6:20am
Quoting hishamzz
{quote} Hi Emm! You mention a setup in H1 around 1.4600. I do not see the TDI crossing just yet plus price is just breaching above the PAC. Would you take the trade considering that the last swing low is quite a number of pips (SL) and 1.46500 and 1.46405 (prev day high) being quite close? The ideal trade would have been the H1 bar right after the WRB but it does not necessarily satisfy TMS criteria Still learning... Zz

Hi,

read the Price Action of the price bar over the APB.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD H1 22 June H1 setup candle.png Size: 34 KB


my entry was near the close of the APB#1...aggressive.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,149
  • Jun 22, 2015 6:32am Jun 22, 2015 6:32am
Quoting redfan
{quote} Took a picture of this chart got a yellow line crossing and matching up with TDI, Sell trade let see how far it go, Just altered stoploss. and take profit. It came back and hit my stop loss. But still took profit 10. {image} {image} {image}


This is what the signal was like on the 30 minute chart.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30.png Size: 49 KB
  • #58,150
  • Jun 22, 2015 6:36am Jun 22, 2015 6:36am
Quoting emmanuel7788
{quote} Hi, read the Price Action of the price bar over the APB. {image} my entry was near the close of the APB#1...aggressive.
I had not seen the TDI cross on mine. Guess I was engrossed with office work. You place your trades after the completion of a H1 candle and not within yes? Thanks again for your insights!!

Zz
  • #58,151
  • Jun 22, 2015 6:37am Jun 22, 2015 6:37am
Quoting Lookleft
{quote} Hi, My methodology for taking a trade once I've identified an entry. Where is my S/L going to be. I need at least 1:1 before even thinking about taking the trade so that gives me my minimum TP. Is there room for price to move by that amount before any S/R (DOL, BRN, 200ema etc). What does price momentum look like. As far as ema are concerned I use 200 and 50 on both H1 and H4 Focusing on those pairs will give you a good start and don't be too greedy. 25 - 30 pips per pair per day soon adds up and builds confidence and discipline Hope...
Thanks for the info Lookleft!! 20-30 pips a day is the plan

Zz
  • #58,152
  • Jun 22, 2015 6:49am Jun 22, 2015 6:49am
Quoting pwnstars
{quote} Thanks Emmanel.. Really appreciate your effort... Please keep posting these type of setups. How would you scale our? ex. If we get a low retracement entry, would you start scaling out as we approach the WRB high If it's not too much of an effort, can you please draw how you would do it?

Hi,

We are not scaling out in this 4H swing trading. We first find an entry and build up positions when market retrace. Some may confuse this with averaging down.
What we do is to get an overall average entry price and we have a initial SL in place.
When the market move in our favour, we scale-in more positions and also take some profits.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,153
  • Jun 22, 2015 7:09am Jun 22, 2015 7:09am
Quoting Islandfx911
{quote} Well done
Thank u islandfx911! u r welcome here on tms thread. Just stick to this thread. Listen to the advise of seniors and u will never regret. just my 2 cents.

Regards,
Winners Never Quit, Quitters Never Win
  • #58,154
  • Jun 22, 2015 7:12am Jun 22, 2015 7:12am
is it just me or the markets are really dead?
  • #58,155
  • Jun 22, 2015 7:39am Jun 22, 2015 7:39am
Quoting hsn100
{quote} Thank u islandfx911! u r welcome here on tms thread. Just stick to this thread. Listen to the advise of seniors and u will never regret. just my 2 cents. Regards,
I've been studying TMS for last 2 months. I'm still making my own stupid mistakes but they are getting less.

Looking forward to being part of the TMS Traders.
Your trade order needs to be in the right place at the right time.
  • #58,156
  • Jun 22, 2015 8:05am Jun 22, 2015 8:05am
Quoting emmanuel7788
{quote} Hi, read the Price Action of the price bar over the APB. {image} my entry was near the close of the APB#1...aggressive.
Hi Emmanuel, how did you manage this trade? You said that is agressive entry, do you go with 20-30 pips TP in this TF?
I`m aksing because price have gone to your direction some 30 pips (and 8 pips spread for me) and than retraced almost to BE. How do you move SL?
Thanks for work on this thread man..
  • #58,157
  • Jun 22, 2015 8:17am Jun 22, 2015 8:17am
Quoting faust91
{quote} Hi Emmanuel, how did you manage this trade? You said that is agressive entry, do you go with 20-30 pips TP in this TF? I`m aksing because price have gone to your direction some 30 pips (and 8 pips spread for me) and than retraced almost to BE. How do you move SL? Thanks for work on this thread man..

Hi,

This is not a H1 trade.
This is a 4H swing trading with ME/ME strategy.
Read post#58,123

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,158
  • Jun 22, 2015 8:39am Jun 22, 2015 8:39am
Quoting emmanuel7788
{quote} Hi, This is not a H1 trade. This is a 4H swing trading with ME/ME strategy. Read post#58,123 regards,
Thanks a lot man..
But i don`t see any clear movement, we have two WRB on D TF turn into MB and congestion around resistance zone on W TF. I follow all your post and i know you use PA patterns a lot, and i downloaded and study them but i dont see any clear long entry signal on any TF..
I remember your post from 06.17. and your comment on that daily candle forming BUOB, was that your entry candle, and than you use ME/ME to build position?
Sorry for my english, it is not my first language..
Regards
  • #58,159
  • Jun 22, 2015 9:00am Jun 22, 2015 9:00am
Quoting emmanuel7788
{quote} Hi, This is not a H1 trade. This is a 4H swing trading with ME/ME strategy. Read post#58,123 regards,
Hello BigEmm,
what means ME/ME strategy?
regards, dan
  • #58,160
  • Jun 22, 2015 9:07am Jun 22, 2015 9:07am
Quoting Trader MT4
{quote} Hello BigEmm, what means ME/ME strategy? regards, dan
Multiple entries/ Multiple exits..
look in attachments, you will find pdf`s about that..
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